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Contract Law Is At The Heart Of Many Business Disagreements And Disputes

Small businesses enter into contracts every week. All businesses, in Texas and everywhere else, inherently deal with contracts, because all transactions involving goods or services are based upon some type of contract. As a small-business owner, you want to be sure your contracts make your life easier, not harder.

At Ken Wigginton, PLLC, we work with small-business owners to create and support the best possible contracts for their needs. Our familiarity with the business ecosystem of the Highland Village and Flower Mound areas means that we can provide insight into the various kinds of contracts our clients need.

There Is More Than One Type Of Contract? Really?

Yes, if you’re a small business owner, you will come across several types of business contracts. However, most fall into one of four categories: general business contracts, sales-related contracts, employment contracts and leases.

General Business Contracts

General business contracts cover your business’ structure and the relationships of the owners, lenders, employees and vendors. Some of the most common contracts of this type include partnership agreements, LLC operating agreements, joint venture agreements, loan and line of credit agreements, indemnification agreements, franchise agreements, advertising and web development agreements, assignments, releases, settlements and agreement to sell business.

Sales Contracts

Sales contracts determine how business goods and services are purchased and sold. Some common sales contracts include bills of sale, purchase orders, warranty agreements and security agreements.

Employment Contracts

Careful documentation of employment relationships provides small businesses with essential legal protections. Some examples of commonly used employment contracts are employment agreements, noncompete agreements, nondisclosure agreements, consulting agreements, sales representative agreements, employment separation agreements and independent contractor agreements.

Leases

Real estate and equipment leases are critical to small-business operations. We can help you negotiate and maintain advantageous leasing terms and positive leasing relationships.

A Good Contract Makes For Good Business Relationships

Contracts are a vital part of many of the relationships and circumstances that small-business owners have. In some cases, these contracts are self-explanatory and easily understood. But, if you’re unsure about the types of contracts and terms you need for your particular small business, we’ll be happy to consult with you, break down the terms and help you make the best contracting decisions. Contact us today by calling 940-308-8416 or by sending us an email.